Hello, welcome to this BTC /USDT 12Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Bitcoin (BTC) moved higher on Friday, as the token rebounded following a recent spell of relatively large sell-offs.
Following a low of $16,290.27 on Thursday, BTC/USD surged to an intraday peak of $18,054.31 earlier in the day.
The move came as the world’s largest cryptocurrency continued to move away from a key support point of $15,800.
As can be seen from the chart, this surge occurred as the 14-day relative strength index (RSI) also rebounded from a recent six-month low.
Currently, BTC is trading at $16.880.58, with the index tracking at 36.89, which is below a long-term resistance point of 39.00.
In order for BTC/USD to continue this current momentum, the RSI ceiling will first need to be broken.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Bitcoin (BTC) moved higher on Friday, as the token rebounded following a recent spell of relatively large sell-offs.
Following a low of $16,290.27 on Thursday, BTC/USD surged to an intraday peak of $18,054.31 earlier in the day.
The move came as the world’s largest cryptocurrency continued to move away from a key support point of $15,800.
As can be seen from the chart, this surge occurred as the 14-day relative strength index (RSI) also rebounded from a recent six-month low.
Currently, BTC is trading at $16.880.58, with the index tracking at 36.89, which is below a long-term resistance point of 39.00.
In order for BTC/USD to continue this current momentum, the RSI ceiling will first need to be broken.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
